GDV Resources Inc.

June 04, 2013 16:30 ET

GDV Resources Inc. Announces Private Placement

TORONTO, ONTARIO--(Marketwired - June 4, 2013) - GDV Resources Inc. (TSX VENTURE:GDV.H) (the "Company") today announced that it has closed a $125,000 private placement of common shares ("Shares") at a price of $0.05 per Share.

In connection with the private placement, Chris Carmichael ("Carmichael"), Chief Executive Officer of the Company, sold 2,500,000 common shares of the Company in pre-arranged trades over the facilities of the Exchange, and used the proceeds to purchase 2,500,000 Shares under the private placement. After the closing of the private placement, Carmichael will own 2,594,633 common shares, representing in the aggregate approximately 27.1% of the issued and outstanding common shares of the Company.

The private placement is subject to regulatory approval, including final approval of the NEX. The common shares issued pursuant to the private placement will be subject to a four-month hold under applicable securities laws. The proceeds of the financing will be used for general working capital purposes.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • GDV Resources Inc.
    Mr. Chris Carmichael
    (647) 352-4900